[Federal Register Volume 86, Number 203 (Monday, October 25, 2021)]
[Notices]
[Pages 59002-59004]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-23199]


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DEPARTMENT OF THE TREASURY


Agency Information Collection Activities; Submission for OMB 
Review; Comment Request; Multiple Departmental Offices Information 
Collection Requests

AGENCY: Departmental Offices, Department of the Treasury.

ACTION: Notice.

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SUMMARY: The Department of the Treasury will submit the following 
information collection requests to the Office of Management and Budget 
(OMB) for review and clearance in accordance with the Paperwork 
Reduction Act of 1995, on or after the date of publication of this 
notice. The public is invited to submit comments on these requests.

DATES: Comments should be received on or before November 24, 2021 to be 
assured of consideration.

[[Page 59003]]


ADDRESSES: Written comments and recommendations for the proposed 
information collection should be sent within 30 days of publication of 
this notice to www.reginfo.gov/public/do/PRAMain. Find this particular 
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function.

FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be 
obtained from Molly Stasko by emailing [email protected], calling (202) 
622-8922, or viewing the entire information collection request at 
www.reginfo.gov.

SUPPLEMENTARY INFORMATION: 
    1. Title: Treasury International Capital Form S, Purchases and 
Sales of Long-term Securities by Foreign-Residents.
    OMB Control Number: 1505-0001.
    Type of Review: Extension without change of a currently approved 
collection.
    Description: Form S is part of the Treasury International Capital 
(TIC) reporting system, which is required by law (22 U.S.C. 286f; 22 
U.S.C. 3103; E.O. 10033; 31 CFR 128), and is designed to collect timely 
information on international portfolio capital movements. Form S is a 
monthly report used to cover transactions in long-term marketable 
securities undertaken directly with foreigners by banks, other 
depository institutions, brokers, dealers, underwriting groups, funds 
and other individuals and institutions. This information is used by the 
U.S. Government in the formulation of international financial and 
monetary policies and for the analysis of the U.S. international 
transactions (balance of payments).
    Form: Form S.
    Affected Public: Businesses or other for-profit institutions.
    Estimated Number of Respondents: 185.
    Frequency of Response: Monthly.
    Estimated Total Number of Annual Responses: 2,220.
    Estimated Time per Response: Six and three-fourth hours per 
respondent per filing. The estimated average time per filing varies 
from 11.8 hours for the approximately 30 major reporters to 5.9 hours 
for the other reporters.
    Estimated Total Annual Burden Hours: 15,010 hours.
    2. Title: Treasury International Capital (TIC) Form SHL/SHLA, 
``Survey of Foreign-Residents' Holdings of U.S. Securities, including 
Selected Money Market Instruments''.
    OMB Control Number: 1505-0123.
    Type of Review: Extension without change of a currently approved 
collection.
    Description: This form collects foreign-residents' holdings of U.S. 
securities. These data are used by the U.S. Government in the 
formulation of international financial and monetary policies, and for 
the computation of the U.S. international transactions (balance of 
payments) and of the U.S. international investment position. These data 
are also used to provide information to the public and to meet 
international reporting commitments. The data collection includes large 
benchmark surveys (Form SHL) conducted every five years, and smaller 
annual surveys (Form SHLA) conducted in the non-benchmark years. The 
data collected under an annual survey are used in conjunction with the 
results of the preceding benchmark survey and of recent TIC form SLT 
(``Aggregate Holdings of Long-Term Securities by U.S. and Foreign 
Residents'') reporting to make economy-wide estimates for that non-
benchmark year. Currently, the determination of who must report in the 
annual surveys is based primarily on the data submitted during the 
preceding benchmark survey and on data submitted on SLT reporting. The 
data requested in the annual survey will generally be the same as 
requested in the preceding benchmark report. Form SHL is used for the 
benchmark survey of all significant U.S.-resident custodians and U.S.-
resident issuers of securities regarding foreign-residents' holdings of 
U.S. securities. In non-benchmark years, Form SHLA is used for the 
annual surveys of primarily the largest U.S.-resident custodians and 
issuers.
    Form: TIC SHL/SHLA, Schedules 1 and 2.
    Affected Public: Businesses or other for-profit institutions.
    Estimated Number of Respondents: 317 on average annually, but this 
varies widely from about 840 in benchmark years (once every five years) 
to about 185 in other years (four out of every five years).
    Frequency of Response: Annually.
    Estimated Time per Response: 133 hours on average annually, but 
this will vary widely from respondent to respondent. (a) In the year of 
a benchmark survey, which is conducted once every five years, it is 
estimated that exempt respondents will require an average of 17 hours; 
for custodians of securities, the estimate is a total of 321 hours on 
average, but this figure will vary widely for individual custodians; 
and for issuers of securities that have data to report and are not 
custodians, the estimate is 61 hours on average. (b) In a non-benchmark 
year, which occurs four years out of every five years, it is estimated 
that the largest custodians of securities will require a total of 486 
hours on average; and for the largest issuers of securities that have 
data to report and are not custodians, the estimate is 110 hours on 
average. The exemption level for custodians and for issuers of 
securities filing Schedule 2 for a benchmark survey is the holding on 
June 30 of less than $200 million in reportable U.S. securities owned 
by foreign residents.
    Estimated Total Annual Burden Hours: 42,035 hours.
    3. Title: Treasury International Capital (TIC) Form SHC/SHCA ``U.S. 
Ownership of Foreign Securities, including Selected Money Market 
Instruments.''
    OMB Control Number: 1505-0146.
    Type of Review: Revision of a currently approved collection.
    Description: Form SHC/SHCA is part of the Treasury International 
Capital (TIC) reporting system, which is required by law (22 U.S.C. 
3101 et seq.; E.O. 11961; 31 CFR 129) and is used to conduct annual 
surveys of U.S. residents' ownership of foreign securities for 
portfolio investment purposes. These data are used by the U.S. 
Government in the formulation of international financial and monetary 
policies, and for the computation of the U.S. international 
transactions (balance of payments) and of the U.S. international 
investment position. These data are also used to provide information to 
the public and to meet international reporting commitments. The SHC/
SHCA survey is part of an internationally coordinated effort under the 
auspices of the International Monetary Fund to improve data on 
securities worldwide. Most of the major industrial and financial 
countries conduct similar surveys.
    The data collection includes large benchmark surveys (Form SHC) 
conducted every five years, and smaller annual surveys (Form SHCA) 
conducted in the non-benchmark years. The data collected under an 
annual survey are used in conjunction with the results of the preceding 
benchmark survey and of recent TIC form SLT (``Aggregate Holdings of 
Long-Term Securities by U.S. and Foreign Residents'') reporting to make 
economy-wide estimates for that non-benchmark year. Currently, the 
determination of who must report in the annual surveys is based 
primarily on the data submitted during the preceding benchmark survey 
and on data submitted on SLT reports. The data requested in the annual 
survey will generally be the same as requested in the preceding 
benchmark report. Form SHC is used for the benchmark survey

[[Page 59004]]

of all significant U.S.-resident custodians and end-investors regarding 
U.S. ownership of foreign securities. In non-benchmark years Form SHCA 
is used for the annual surveys of primarily the very largest U.S.-
resident custodians and end-investors.
    Form: SHC/SHCA, Schedules 1, 2 and 3.
    Affected Public: Businesses or other for-profit institutions.
    Estimated Number of Respondents: 324 on average annually, but this 
varies widely from about 760 in benchmark years (once every five years) 
to about 215 in other years (four out of every five years).
    Frequency of Response: Annually.
    Estimated Time per Response: 200 hours on average annually, but 
this will vary widely from respondent to respondent. (a) In the year of 
a benchmark survey, which is conducted once every five years, it is 
estimated that exempt respondents will require an average of 17 hours; 
custodians of securities providing security-by-security information 
will require an average of 361 hours, but this figure will vary widely 
for individual custodians; end-investors providing security-by-security 
information will require an average of 121 hours; and end-investors and 
custodians employing U.S. custodians will require an average of 41 
hours. (b) In a non-benchmark year, which occurs four years out of 
every five years: Custodians of securities providing security-by-
security information will require an average of 546 hours (because only 
the largest U.S.-resident custodians will report), but this figure will 
vary widely for individual custodians; end-investors providing 
security-by-security information will require an average of 146 hours; 
and reporters entrusting their foreign securities to U.S. custodians 
will require an average of 49 hours. The exemption level for custodians 
and for end-investors filing Schedule 2 or 3 or both for a benchmark 
survey is the holding at end-year of less than $200 million in 
reportable foreign securities owned by U.S. residents. For Schedule 2, 
end-investors should exclude securities that are held with their 
unaffiliated U.S.-resident custodians.
    Estimated Total Annual Burden Hours: 64,700 hours.
    4. Title: Treasury International Capital Form D, ``Report of 
Holdings of, and Transactions in, Financial Derivatives Contracts with 
Foreign Residents.''
    OMB Control Number: 1505-0199.
    Type of Review: Extension without change of a currently approved 
collection.
    Description: Form D is part of the Treasury International Capital 
(TIC) reporting system, which is required by law (22 U.S.C. 286f; 22 
U.S.C. 3103; E.O. 10033; 31 CFR 128), and is designed to collect timely 
information on international capital movements other than direct 
investment by U.S. persons. Form D is a quarterly report used to cover 
holdings and transactions in derivatives contracts undertaken between 
foreign resident counterparties and major U.S.-resident participants in 
derivatives markets. This information is used by the U.S. Government in 
the formulation of international financial and monetary policies and 
for the preparation of the U.S. international transactions (balance of 
payments) and the U.S. international investment position.
    Form: Form D.
    Affected Public: Businesses or other for-profit institutions.
    Estimated Number of Respondents: 29.
    Frequency of Response: Quarterly.
    Estimated Time per Response: 30 hours.
    Estimated Total Annual Burden Hours: 3,480 hours.
    Authority: 44 U.S.C. 3501 et seq.

    Dated: October 20, 2021.
Molly Stasko,
Treasury PRA Clearance Officer.
[FR Doc. 2021-23199 Filed 10-22-21; 8:45 am]
BILLING CODE 4810-AK-P